The reform of the public sector of telecommunications and airlines, as well as the privatization of existing enterprises in these fields is an important task facing the State Property Committee (SPC). This is stated in the editorial Mulkiyyet (Ownership) of SPC on the anniversary of Heydar Aliyev’s birth.
In the coming years, the pace of privatization of large enterprises will be accelerated. Also planned is restructuring, de-monopolization and recovery of large state companies mentioned in this article.
Since the beginning of the denationalization of state property in Azerbaijan (1996) about 50,000 enterprises and objects have been privatized. Also on the basis of privatized medium and large enterprises, 1,600 joint-stock companies were created. Around 100 companies were privatized by investment contests, which was invested $ 550 million.
The privatization of state property contributed 600 million AZN to the state budget. -----08D
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review